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The volatility of Chainlink is extreme this week. The price dropped more than 25%, highlighting how volatile the crypto market is. If you are planning to invest in LINK or have already invested, this price analysis is for you. We will see what the resistance and support levels could be for the coming week. What should investors do in these types of scenarios? Let’s dive into the price analysis and see where LINK’s price is heading. Chainlink Price Analysis from 23rd to 28th February On 23rd February at 07:30 UTC, the price made the high of the week at $18.15, and the channel in which the price was travelling broke out to the downside. The channel was formed at the lower end of the range, where the price had been consolidating over the previous two weeks. As the price broke out from the channel at 12:00 UTC on 23rd February, it formed a range, providing some relief, but soon the price broke out again to the downside at 01:30 UTC, forming a spike and channel trend. As RSI was already travelling in the oversold area, the price further dropped out of the channel at 22:00 UTC on 24th February. A golden crossover appeared at 11:00 UTC on 25th February, providing some relief as it indicated a potential reversal or pullback. At 17:00 UTC on 25th February, the price broke out from the trendline to the upside and formed a range. The range then broke out to the upside at 19:30 UTC, but this spike was unable to form a channel. Instead, it created an expanding triangle, indicating range-bound behaviour. Chart 1: Analysed by vallijat007, published on TradingView, March 1, 2025 The price tested the resistance level at $15.78 multiple times but failed to break it. Meanwhile, the lower end of the expanding triangle at $14.70 provided a support level, which eventually broke to the downside. As the price broke lower at 01:00 UTC on 28th February, it pushed LINK to the low of the week at $13.45. The spike failed to form a channel and was immediately reversed, forming a spike in the opposite direction. However, this new spike to the upside also failed to create a channel and instead formed another expanding triangle, further worsening the situation. Potential Breakout Scenarios and Market Outlook If this expanding triangle breaks to the downside, further selling pressure could be seen in the price of Chainlink. If it breaks to the upside, the resistance level of $15.78 will be significant. Based on the current scenario, it is more likely that the bears will push the price lower and break the support level. Conclusion: Capital Preservation Is Key As the Chainlink price is already in a downtrend, the two-week consolidation gave some hope to investors that the price might recover. However, this week’s high volatility of Chainlink shows that selling pressure has not disappeared. Traders and investors should keep in mind that capital preservation is more important than taking positions. If anyone is already invested, they should carefully reassess their strategy and manage their risk. The post Chainlink Faces 25% Drop This Week: More Downside Ahead? appeared first on Coinfomania.

The recent price drop in TON Coin has instilled fear in the minds of investors. The market has been consolidating for around two weeks, and now a breakout has happened to the downside. As the TON price has already dropped below $3, the price direction is once again heading toward its all-time low from a month ago. If you are planning to invest or have already invested in TON Coin, then this analysis is for you. Let’s analyse what’s happening in the TON price chart and explore the possible scenarios. Will it be volatile in the coming week, or will it remain stable? If volatility increases, what are the key support and resistance levels that traders should keep in mind? Let’s dive into the TON price analysis and find our answers. TON Price Analysis from 23rd to 28th February On 23rd February, RSI reached the overbought area, indicating an overstretched price. At 11:30 UTC on the same day, the price marked its top at $3.800. The price broke out at the same time to the downside of an upward-moving trendline. As the price declined, it pushed the price to the level of $3.320. RSI showed an oversold condition, which helped in the formation of an expanding triangle pattern. At 03:00 UTC on 25th February, MACD showed a golden crossover, suggesting a reversal or at least a pullback in the ongoing downtrend. The expanding triangle broke out to the upside at 11:30 UTC on 25th February, forming a spike and channel pattern. Chart 1: Analysed by vallijat007, published on TradingView, March 1, 2025 At 05:30 UTC on 26th February, MACD showed a death cross signal as the price broke out of the channel and formed a small range, then the range broke out to the downside. From 21:00 UTC on 26th February to 14:30 UTC on 27th February, the price showed a range in the form of a channel. The channel broke out to the downside, and a pullback happened as RSI moved to the oversold area at 20:00 UTC. A breakout of the downward trendline occurred at 01:00 UTC on 28th February. The price reached its weekly low of $3.125 as RSI moved into the oversold area, and a golden crossover appeared at 08:30 UTC on 28th February. The price pulled back, forming a spike and channel pattern. Potential Breakout Scenarios and Market Outlook If the channel breaks out to the upside, then the first target should be a minimum of $3.440, as it is the last lower high price created. If the channel breaks out to the downside, the recent low, which acts as the support level, will become the first target, which is $3.125. As the major trend is downward, the majority of the upside breakouts will fail, and the support level it created will also break as the price moves and breaks its low to create a lower low. Traders and investors should think twice before taking an upside position, as the overall market scenario is bearish. Conclusion: Caution is Key Amid Market Volatility The whole crypto space is facing selling pressure, and it is not a wise choice to assume that TON Coin will recover soon. After Bitcoin hit its all-time high, it dropped around 20% in value, and altcoins have not been spared from the decline. TON Coin is already under bearish pressure as it continues to head toward its all-time low of $2.978. Investors and traders should remain cautious, as next week may bring further volatility. The price may drop further and create another all-time low for TON Coin. In these uncertain times, capital preservation is more important than aggressive investing. If you are already invested, take a moment to reassess your position and carefully evaluate your investment strategy. The post TON Coin Plunges from $3.800 to $3.125: Is More Downside Ahead? appeared first on Coinfomania.

Dogecoin ($DOGE ) is trading at $0.208, up 1.67% in the past 24 hours. After hitting a low of $0.1995, the meme coin has bounced back and is now testing key resistance levels. Can DOGE push higher, or will it face rejection? Let’s analyze! 📊 Key Levels to Watch: Resistance: $0.209 - $0.211 (Breakout zone) Support: $0.200 - $0.198 (Critical area for bulls to hold) 📈 Market Indicators: ✅ 24H High: $0.2086 – Testing resistance! ✅ RSI (6): 66.97 – Approaching overbought territory. ✅ Volume: 125.43M DOGE – Strong liquidity, but can it sustain? Trading Plan: Bullish Case: A breakout above $0.211 could push DOGE toward $0.215 - $0.22. Bearish Case: If rejected, a pullback to $0.200 is likely. With momentum building, will DOGE break out or consolidate? Drop your predictions below! 📉

The recent emergence of Yeti Ouro as a strong GameFi contender amid Utility concerns for Dogecoin (DOGE) suggests a shifting focus within the crypto community. Dogecoin, originally celebrated as a meme coin, faces scrutiny regarding its practical applications and value proposition in a volatile market. This contrasts with Yeti Ouro's rise, as it appears to be capturing attention by positioning itself effectively within the GameFi sector—a rapidly expanding area of the cryptocurrency space. Previous Cryptocurrency News Contextually, the concern over Dogecoin's utility resonates with ongoing discussions about the Swiss Central Bank's skepticism toward cryptocurrencies as reserve assets, emphasizing a broader unease with the stability and value of digital assets. The critiques from officials like Martin Schlegel of the Swiss National Bank have highlighted the inherent risks and volatility associated with cryptocurrencies, framing them as unsuitable for major institutional acceptance. Moreover, previous reports about XRP (Ripple) and its potential for substantial gains alongside Bitcoin's journey towards high-value targets present a stark contrast to the narrative surrounding Dogecoin. XRP's development and potential adaptability within institutional frameworks highlight the ongoing evolution of cryptocurrencies toward more utility-oriented models—a position that newer tokens like Yeti Ouro may be capitalizing on. Detailed Market Sentiment The news of Yeti Ouro's emergence, while potentially offering a fresh take on utility in the crypto space, further underscores the increasing competition and innovation among altcoins. However, the backdrop of Dogecoin's struggles raises a cautionary note, filling the market with mixed sentiments as participants assess which projects will provide lasting value amid regulatory challenges and market volatility.